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Actuarial Manager


Job Summary


Actuarial Service Centre Asia Pacific (ASCAP) is an APAC regional Centre of Excellence for Zurich Insurance Group, providing actuarial modelling, reporting and consulting services to the Zurich APAC regional office and Business Units in the APAC region.


We are looking for Life Insurance valuation and modelling actuaries at manager level (Manager, Executive Manager) for the development of financial models, MCEV & NBV and IFRS17 analysis and reporting, calculation of insurance reserves and risk analysis (e.g. economic capital), etc. as well as projects for the Business Units, region and the group.


This is an excellent opportunity to work with a spirited and highly capable team, and work closely with other actuarial teams and Chief Actuaries in the APAC region within Zurich Insurance Group. It’s also an excellent opportunity to gain exposure to the full spectrum of actuarial work and project experience across the APAC region for business units at various stages of maturity.

Job Accountabilities - Key Accountabilities



  • Lead and develop a team of 2-4 actuaries including senior executive and executive.
  • Provide guidance and training to junior actuaries.


Financial Modelling

  • Develop, enhance, and review Prophet Models in accordance with the Prophet Development Framework
  • Produce documentation for the Prophet developments.
  • Provide guidance to junior actuaries for Prophet modelling activities.


Financial Reporting

  • IFRS17 analysis and report.
  • New Business Value and Market Consistent Valuation: produce New Business Value and Economic Capital analysis and report.
  • Carry out local regulatory financial reporting for Business Units in the region.
  • Analyse results and provide business insight to stakeholders in both the Asia Pacific business units and Corporate Centre, taking into account relevant business context.


Advisory and Consulting

  • Provide ad hoc support to Business Units in the region on business planning, experience studies and assumption setting, capital modelling etc.
  • Provide project (e.g. M&A) support to Business Units and APAC regional office.
  • Assist methodology development and production of analysis of profit.
  • Identify areas for improvement in modelling and reporting processes and drive improvement initiatives.
  • Coaching and development of junior members.


Job Qualifications



  • Degree qualified, preferably in Actuarial studies.
  • Qualified or nearly qualified actuary of an internationally recognised actuarial institution (SOA, IA, IAA)
  • Minimum 6 years of relevant working experience in the life insurance industry




  • Strong actuarial technicality
  • Experience in Prophet modelling is essential, knowledge of stochastic modelling, VBA/SQL programming is a bonus
  • Familiarity with IFRS17, embedded value and economic capital or market consistent valuation concepts
  • Knowledge of accounting concepts including an understanding of revenue accounts and balance sheet
  • Knowledge of statistical and actuarial tools and techniques


Skills & Competencies


  • Risk identifier with strong attention to detail
  • Strong leadership, work effectively, both individually and with others in a team
  • Ability to deliver on deadlines and work under pressure
  • Excellent written communication and ability to produce business documents that demonstrate structured thought and clearly present the business issues and outcomes
  • Strong verbal communicator. Ability to explain complex concepts in a simple manner.


You are the heart & soul of Zurich! 

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step. 

Let’s continue to grow together!


  • Location(s):  MY - Kuala Lumpur 
  • Schedule: Full Time
  • Recruiter name: Eilma Fatehah Sabri
  • Closing date:

Apply now »